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Incrementum ad Absurdum: Global Growth, Inequality and Poverty Eradication in a Carbon-Constrained World
…(1993-2008) patterns of income growth were maintained indefinitely, taking account of the differential performance of China. On the basis of optimistic assumptions, and implicitly assuming an indefinite continuation of potentially…
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Grass Roots War on Poverty
…Irrigation and rural electrification are required to facilitate economic diversification into non-agricultural work. Yet irrigation and electrification require central political coordination and application of modern science and technology. Centralized decision-…
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Adverse Childhood Experiences, Poverty, and Inequality
…with their brains unimpaired. The caring work of making human capital investments works better if they are part of a caring economy and part of a sensible human capital strategy….
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Again on Piketty’s Capital in the Twenty-First Century or Why National Accounts and Three Simple Laws Should not be a Substitute for Economic Theory
…the third law the fact that r is greater than g is not in itself a sufficient condition for β and therefore α to increase. Even in Piketty’s analysis it…
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The Price Cannot be Right: Taxation, Sub-Intrinsic-Value Housing Bubbles, and Financial Instability
…by relying more heavily on land tax or capital-gain tax. As the latter does not need to be paid out of current income, it is more conducive to home ownership….
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Does Saving Increase the Supply of Credit? A Critique of Loanable Funds Theory
…and/or labor which will lower prices and production. How interest rates change is not determined by excess saving: They could increase, stay the same or decrease. Finally, it will be…
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Austerity in Mexico: Economic Impacts and Unpleasant Choices Ahead
…episodes that Mexico has experienced during the last four decades. Subsequently it identifies the effects that public spending cuts have had on investment and economic growth in Mexico. Next, it…
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Macro Policies For Climate Change: Free Market Or State Intervention?
…main arguments of the Stern Review. Finally we get into the debate between Stern and Nordhaus. Our conclusion is that there is a need for strong state intervention to make…
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Gambling with “Human Capital”: on the Speculative Logic of the “Knowledge Economy”
…neoliberal synthesis.1 The “knowledge economy”, as it is often called, is the paradigmatic product of this synthesis. It holds that economic growth is set to become ever more “knowledge intensive”,…
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Basel III and the Strengthening of Capital Requirement: The obstinacy in mistake or why “it” will happen again
…as stable funding increases the security of the non-financial business sector. But bank capital has nothing to do with bank security and with money creation. It is shown, instead, that…
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How the Culture of Economics Stops Economists from Studying Group Behavior and the Development of Social Cultures
…behavior and the influence of organizations on economic activity, but the neoclassical paradigm, with the rational isolated individual as its main actor, prevails in mainstream economics. This paper presents a…
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Universal Basic Income and the Cost Objection: What are we Waiting For?
…claims. This paper addresses the objection by demonstrating its weaknesses and showing that a universal basic income is affordable. It is in fact more affordable than the current wasteful array…
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Rationality in the Theory of the Firm
We have previously presented a critique of the standard Marshallian theory of the firm, and developed an alternative formulation that better agreed with the results of simulation. An incorrect mathematical…
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Book Review: Why Nations fail – the origins of power, prosperity and poverty
…countries are poor and some rich, but it is also marred from several shortcomings and under-representations, which cast doubts on the positive messages of creating better institutions and reducing poverty….
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Submissions
…let us know if you have any questions and where an issue is not covered, the most important rule is consistency. Note that the instructions are written as if the…
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About the World Social and Economic Review
…encourage and promote an economics that is informed by insights from social sciences, humanities and popular cultures. In our view orthodox/mainstream economics is a narrow and closed discipline existing within…
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Call for Papers: The Political Economy of University, INC.
…theoretical dimensions of the attack on public higher education. Submissions may document, explain or analyse movements to resist University, INC. Topics of interest include, but are not limited to: Research…
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